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Nov 2nd.


MYFUCKINGDICK

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the rich get richer (it takes money to make money)...the poor get poorer (it takes money to make money).

 

and let's not do anything about it.

 

oh, and while we're not doing anything about it, let's tax the poor (and the middle class) and let the rich not pay any taxes at all...

 

because after all that 2% of the extremely rich are the ones who make the economy go around.

 

^seriously??!?!?!?!?!?!!?!??!?!?....this?!?!!??!?!

 

sorry, the 2% don't make the economy go around....even if they buy 100 new cars, 1,000 new tv's, etc. etc.

 

that is nothing compared to what the other 98% buy (the real consumers).

 

 

Are you sure about this, Cali? I'm pretty sure that the IRS studies show differently

 

http://www.irs.gov/taxstats/indtaxstats/article/0,,id=133521,00.html

 

http://www.taxfoundation.org/news/show/250.html

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Dude, let me explain this to you: When a small business owner makes $250k it's not like it's disposable income. They have to pay employee's, they have to pay taxes (more than you think), etc. That is not rich. That is in the top level of middle class. More taxes are going to mean less employee's, meaning less jobs, meaning less taxes being payed into the system, meaning less people to go out and watch movies, go to dinner, buy new clothes, etc.

 

 

You do understand that there is a difference between business taxes and individual taxes right? The employees you are referring to must then be gardeners, nannies and the like?

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-VS-[/size][/b]

 

 

 

 

[ATTACH]147804[/ATTACH]

 

 

And FYI, the ONLY people getting their taxes increased are the rich.

The other 98% of us already got our taxes lowered.

Stop getting your info from Fox news.

 

Hahaha once again this is comical... You do know that the HIGHEST TAX INCREASE in the history of the United States is set to take place on January 1st, 2011. This is not a statement, but a fact. Look it up if you don't believe me. Use the U.S. gov site too.

 

There are over twenty new or higher taxes in Obamacare alone. Several will first go into effect on January 1, 2011.

 

In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:

 

First Wave: Expiration of 2001 and 2003 Tax Relief

 

In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:

 

Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:

 

- The 10% bracket rises to an expanded 15%

- The 25% bracket rises to 28%

- The 28% bracket rises to 31%

- The 33% bracket rises to 36%

- The 35% bracket rises to 39.6%

 

Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.

 

The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.

 

Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.

 

Second Wave is Obamacare taxes... I need another post for that one! :lol:

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Also... why are small businesses important:

 

Because Small Businesses are the Engine of Jobs Growth!!!!!

 

Small businesses create more jobs than any other sector of the economy. Consider the following statistics from the Commerce Department and the Census Bureau. Small firms with fewer than 500 employees:

 

* Represent 99.7% of all employer firms.

* Employ just over half of all private sector employees.

* Pay 44% of total U.S. private payroll.

* Have generated 64% of net new jobs over the past 15 years.

* Create more than half of the nonfarm private gross domestic product (GDP).

* Hire 40% of high tech workers (such as scientists, engineers, and computer programmers).

* Are 52% home-based and 2% franchises.

* Made up 97.3% of all identified exporters and produced 30.2% of the known export value in FY 2007.

* Produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large firm patents to be among the one percent most cited.

 

As an aside, the Commerce Dept. and the Census Bureau report that seven out of 10 new small businesses last at least two years, and about half survive five years. More specifically, according to the most recent Census data, 69% of new businesses established in 2000 survived at least two years, and 51% survived five or more years. These survival rates for small business start-ups are considerably better than they were 20-30 years ago.

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You do understand that there is a difference between business taxes and individual taxes right? The employees you are referring to must then be gardeners, nannies and the like?

 

Absolutely, but the people who own small businesses are most times making around $100k

a year salary. A lot of small business owners that I know are in that region of income, anyway.

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Keep believing that.

 

 

"For the United States, World War II and the Great Depression constituted the most important economic event of the twentieth century. The war's effects were varied and far-reaching. The war decisively ended the depression itself. The federal government emerged from the war as a potent economic actor, able to regulate economic activity and to partially control the economy through spending and consumption. American industry was revitalized by the war, and many sectors were by 1945 either sharply oriented to defense production (for example, aerospace and electronics) or completely dependent on it (atomic energy). The organized labor movement, strengthened by the war beyond even its depression-era height, became a major counterbalance to both the government and private industry. The war's rapid scientific and technological changes continued and intensified trends begun during the Great Depression and created a permanent expectation of continued innovation on the part of many scientists, engineers, government officials and citizens. Similarly, the substantial increases in personal income and frequently, if not always, in quality of life during the war led many Americans to foresee permanent improvements to their material circumstances, even as others feared a postwar return of the depression. Finally, the war's global scale severely damaged every major economy in the world except for the United States, which thus enjoyed unprecedented economic and political power after 1945."

 

http://eh.net/encyclopedia/article/tassava.WWII

 

 

 

You keep believing Republican lies and revisionist history.

I didn't need to google when the great depression ended, because my grandparents grew up during that time and told me a long time ago that this claim that WW2 ended the great depression was a myth.

Social studies class in middle school told me the same thing.

The new deal ended the great depression in America.

Wars do not end recessions or depressions.

Look at the recession of the 70's. That was on the heals of the Vietnam war.

Look at the near depression that Bush's wars got us into. You can't seriously be arguing with a straight face that wars end recessions, when we had a record surplus before Bush's wars and within a few years had a record deficit.

You're off your rocker, but you're not stupid.

Just admit that you're trolling at this point.

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http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html

 

Google, the owner of the world’s most popular search engine, uses a strategy that has gained favor among such companies as Facebook Inc. and Microsoft Corp. The method takes advantage of Irish tax law to legally shuttle profits into and out of subsidiaries there, largely escaping the country’s 12.5 percent income tax. (See an interactive graphic on Google’s tax strategy here.)

 

The earnings wind up in island havens that levy no corporate income taxes at all. Companies that use the Double Irish arrangement avoid taxes at home and abroad as the U.S. government struggles to close a projected $1.4 trillion budget gap and European Union countries face a collective projected deficit of 868 billion euros.

 

 

You can learn all of this in a basic economics course. Its actually really very simple.

 

That's completely irrelevant to the convo that you're replying to.

We were talking about people moving THEMSELVES to other countries in order to escape paying taxes.

Nobody's arguing that rich people don't move their operations over seas.

Just about every fucking thing under the sun with an American brand name is made in China.

We're talking about billionaires moving THEMSELVES to other countries.

 

Fail troll fails again.

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Hahaha once again this is comical... You do know that the HIGHEST TAX INCREASE in the history of the United States is set to take place on January 1st, 2011.

 

You do know that that is a flat out Fox news spun lie, right?

The rich are going to be taxed the same as they were BEFORE Bush gave them tax cuts.

The other 98% of us got tax CUTS from Obama.

That's a fact.

You apparently are more interested in lies.

 

So then without increasing the taxes on the rich, how the fuck are we supposed to deal with this deficit that the Republicans got us into?

By cutting and eventually axing Social Security and Medicare?

By axing the VA?

By abolishing the department of education?

For real?

These are the options that you're all for?

Let old people who spent their lives paying into Social Security and Medicare just die in the streets, and end public schooling for the 98% of us who can't afford private schooling for our kids?

Take away the VA and let our wounded soldiers fend for themselves along with the rest of the vets who fought for this country over decades?

All that just so the top 2% richest people in this country can avoid paying taxes?

 

And you wanna talk about comical?

Actually, there's nothing funny at all about where you're coming from.

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Also... why are small businesses important:

 

Because Small Businesses are the Engine of Jobs Growth!!!!!

 

Small businesses create more jobs than any other sector of the economy. Consider the following statistics from the Commerce Department and the Census Bureau. Small firms with fewer than 500 employees:

 

* Represent 99.7% of all employer firms.

* Employ just over half of all private sector employees.

* Pay 44% of total U.S. private payroll.

* Have generated 64% of net new jobs over the past 15 years.

* Create more than half of the nonfarm private gross domestic product (GDP).

* Hire 40% of high tech workers (such as scientists, engineers, and computer programmers).

* Are 52% home-based and 2% franchises.

* Made up 97.3% of all identified exporters and produced 30.2% of the known export value in FY 2007.

* Produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large firm patents to be among the one percent most cited.

 

As an aside, the Commerce Dept. and the Census Bureau report that seven out of 10 new small businesses last at least two years, and about half survive five years. More specifically, according to the most recent Census data, 69% of new businesses established in 2000 survived at least two years, and 51% survived five or more years. These survival rates for small business start-ups are considerably better than they were 20-30 years ago.

 

 

THEN STOP STICKING UP FOR BIG BUSINESS GIANTS WHO ARE RUNNING THEM INTO THE GROUND. :rolleyes:

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